This paper tests whether the Ricardian Equivalence proposition holds in a life cycle consumption laboratory experiment … not hold in general. Our results suggest that taxation has a significant and strong impact on consumption choice. Over the … life cycle, a tax relief increases consumption on average by about 22% of the tax rebate. A tax increase causes consumption …

This paper tests whether the Ricardian Equivalence proposition holds in a life cycle consumption laboratory experiment … not hold in general. Our results suggest that taxation has a significant and strong impact on consumption choice. Over the … life cycle, a tax relief increases consumption on average by about 22% of the tax rebate. A tax increase causes consumption …

This paper tests whether the Ricardian Equivalence proposition holds in a life cycle consumption laboratory experiment … not hold in general. Our results suggest that taxation has a significant and strong impact on consumption choice. Over the … life cycle, a tax relief increases consumption on average by about 22% of the tax rebate. A tax increase causes consumption …

(before making additional payments). By contrast, debt declined most (so saving rose most) for unconstrained consumers. These …

, whereas debt declined most (so saving rose most) for unconstrained consumers. More generally, the results suggest that there …

In this paper, I survey the previous literature on the saving behavior of the aged in Japan and then present some … survey data on the saving behavior of the aged in Japan that became available recently. To summarize the main findings of …

In this paper, I survey the previous literature on the saving behavior of the aged in Japan and then present some … survey data on the saving behavior of the aged in Japan that became available recently. To summarize the main findings of …, increases in consumption expenditures, and increases in taxes and social insurance premiums. These findings are consistent with …

-1980s. This paper has three main findings. First, the decline in saving started in 1983, a couple of years earlier than … increased their consumption. Finally, the rapid increase in housing prices in 1985-86 may have been an important determinant of … older and retired households' saving through reversed mortgages, but cannot on its own explain the decline in savings that …

impact of demographic factors, such as ageing and changing household composition, on saving behaviour. Not focusing on high … frequency events (e.g. business cycles and unexpected shock), we find that saving behaviour is fundamentally driven by the … not clear cut. Contrary to the usual practice of considering the allocation of household income over consumption and …

information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information … contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The …